Office condo available for sale at Creekside Plaza, a garden-style complex with walking and biking trails nearby. Location offers easy access to Hwy 101, Magnolia Shopping Center, downtown Santa Barbara, and Santa Barbara Airport. This second-floor, elevator-served unit features multiple entrances and is currently 100% leased to multiple tenants (one lease expires in November 2025, the rest are month-to-month). Short-term leases allow flexibility for either an investor or an owner-user to utilize all or a portion of the property.
Unit: 220
Price: $880,000
Cap Rate: 4.7%
NOI: $41,240
Size: 2,120 SF
Floor: 2nd floor
Elevator: Yes
Parking: 8 assigned spaces, plus ample guest parking
Restrooms: Common
HOA: $1,885/month
APN: 065-660-058
Zoning: OI
HVAC: Yes
To Show: Call listing agents; please do not disturb tenants